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There is one slight issue with old paschas theory on Biyani trying to take koovs on the cheap....
Biyani actually put in 6 million at 10p while other institutions and Ali put in 12 million at 15p....do you think they put in 12 million just to get sold down the river cheap within 12 months?? NOPE!! It just wont happen!!
Heres whats going to happen -
March - we get confirmation of Biyani buying his shares
March/April - we get news which warrants a rerate to minimum of 15p
Dec - koovs closes 2019 with a minimum share price of 30p....quite possibly higher
Further to the Company's announcements on 4 July 2018 and 19 July 2018, Koovs plc (AIM: KOOV) is pleased to announce that it has signed a subscription agreement with strategic partner Future Lifestyle Fashions Limited ("FLFL"), part of Future Group - India's largest retail group, for FLFL to take its current shareholding in Koovs from 16.25% up to a maximum of 29.99%.
Under existing shareholder authority and subject to the satisfaction of certain conditions, including the approval of Reserve Bank of India ("RBI"), FLFL have signed a subscription agreement to subscribe for between 63,300,000 and 69,850,000 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 15p per share, raising between £9.5m and £10.5m of cash (the "Subscription"). Once completed FLFL will own between 28.89% and 29.99% of the Company's enlarged issued share capital.
2014
March
July
Nov
2015
April
Sept
Dec
2016
Jan
Apr
July
Sept
Dec
2017
Jan
Apr
Sept
Dec
2018
Mar
Sept
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2019
Yet to be confirmed
You can clearly see that the dates change year on year and january has not always had and trading update....
With no news since Dec 13th, this really does feel like death by a thousand cuts. The most baron period of news since 2015 when the CEO Mary Turner was appointed (21st July 2015). Hasn't she worked wonders for the company!
Well done Koovs for keeping shareholders updated as to what is going on-thanks!
meet up put it on you tube under heading koovs dispute lol might help share price lol
Just bought a few more in 2 trades.... 4k and 500 quid...
Got to be some kind of figures and a forward looking statement coming soon..... And in my opinion it will be way ahead of what the market is expecting.
Gutted isn’t the word. They will disappear...well until a whiff of something negative comes along. Paid Rampers, paid bashers, most of which don’t hold any shares. Yet they post on the boards. Amazes me. Gives me some giggles along the way.
Matt you know you said to me i always look for the negative in peoples posts?? I think you may be guilty of the same
I have a feeling chinner is still bullish and simply replying to all the morons who bash koovs day in day out.... they will gutted when this takes off! I think thats what he means anyway!
At least my share trade showed at a buy at 12:08. I’ve traded in 5 different stocks today this is the only share where it’s been displayed correctly.
Bitbuybit, I wouldn’t say fly but it will surely move. Holders hope for better margins and confirmation of funding then definitely a rerate.
Hi Chinner,
Appreciate the heads up but what made you change your previously bullish view?
I do appreciate the gap in news but Koovs have made clear that there will be nothing released until the next trading statement. Due end of March? (I think) - But as you have previously said funding has been secured so in 2019 this should fly?
Cheers,
Matt
why would koovs spend loads on paying for adds if they did not think it will pay of, if koovs was going down hill then lord wally alli would not waste time and cash on future ad plans ?
With no RNS, to all the posters who can’t see the wood through the trees then wait for the next RNS. You will be gutted.
Said before i wouldn't be surprised if the amazon deal would go through...
PATIENCE IS THE KEY..... THE KEY TO RICHES!
A media report citing sources said that the ecommerce giant is in the final stages of talks to get a stake in Future Coupons, a coupon provider owned by Future Group. Amazon is doing this to ensure it is in compliance with the new FDI policies under which it cannot have a majority stake in its sellers.
To ensure smooth transfer of shares here, Future Retail announced raising INR 2,000 Cr through the issue of warrants on a preferential basis from Future Coupons. This would help structure the Amazon deal, the report added.
The sources said that this investment was done primarily to raise funds from Amazon in the promoter group company, which will give it 8% stake in Future Retail through a combination of equity and debt instruments, and adhere to the government’s new rule
https://inc42.com/buzz/not-ready-to-give-up-on-future-group-amazon-may-get-stake-in-coupons-unit/
The US-based online giant was earlier in talks to acquire a stake in Future Retail, which runs more than 1,200 stores across food, grocery and general merchandise. Earlier this month, Future RetailNSE 1.36 % announced raising Rs 2,000 crore through the issue of warrants on a preferential basis from Future Coupons. This would help structure the Amazon deal, said two people aware of the development.
“This was done primarily to raise funds from Amazon in the promoter group company, which will which will give it 8% stake in Future Retail through a combination of equity and debt instruments, and adhere to the government’s new rule,” said one of the sources cited above.
https://economictimes.indiatimes.com/industry/services/retail/amazon-may-stock-up-on-kishore-biyanis-coupons-to-bag-future-retail-prize/articleshow/68177605.cms
Thanks to Trebuchet on twitter for finding the following:
The on/off Future Group deal with Amazon is back on track!!!
The deal was stalled due to FDI ecommerce rules coming into affect.
MUMBAI: Amazon is in talks to buy a stake in Future Coupons, a firm owned by Future Group promoter Kishore Biyani, to ensure that the global Web retailer is in compliance with the amended foreign ownership rules that bar ecommerce companies from holding shares in entities selling on their platforms.
The US-based online giant was earlier in talks to acquire a stake in Future Retail, which runs more than 1,200 stores across food, grocery and general merchandise. Earlier this month, Future ..
Read more at:
//economictimes.indiatimes.com/articleshow/68177605.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
I am suggesting this as they are updated quarterly in general.... It is likely that the koovs website will be more accurate than morning star imo
Jambon,
I take back my rude remark but PLEASE look for the positive in what people are trying to contribute
(Poor pop music jokes aside...)
GLAH,
Matt
For balance, you are suggesting that we look at the official Koovs website for a quarterly update when maybe (just maybe) we could gather some info sooner if we look at morningstar.com for a possible update at the start of each month?
Lol Matt, personally I preferred Be who you are https://www.youtube.com/watch?v=zH28w77Nq1k
No it isn't you wormy little man - it says look at the site for a possible update. It was useful info and somewhere for people to look.
Basically the link you have provided confirms ruffer own 5.5 million shares, we confirmed this weeks ago matt, its worded by you as though to make people think ruffer have further reduced though.
The best thing for anyone who wants to keep up to date with large holders is to check the official koovs website, the major holders are released updated quarterly.
Come on Joe..... Naive was a top tune by the Kooks!! It was a joke - but yes of course it was a typo....
Cheers
not really, it's just attention to detail. Was it a typo then ?